Consultation has concluded.

Annual Financial Statements

In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Canterbury-Bankstown Council advises that the ordinary Council meeting to be held on 22 November 2022 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ended 30 June 2022.

A summary of the Financial Statements is provided below:

Current year
$'000
Previous year
$'000

Income Statement

Total income from continuing operations 370,870
357,755
Total expenses from continuing operations 346,557
350,901
Operating result from continuing operations 24,313
6,854
Net operating result for the year 24,313
6,854
Net operating result before grants and contributions provided for capital purposes (13,311)
(33,053)
Statement of Financial Position
Total current assets 186,905
189,963
Total current liabilities (98,000)
(87,268)
Total non-current assets 4,277,682
3,857,294
Total non-current liabilities (36,117)
(23,193)
Total equity 4,330,470
3,933,242
Other financial information
Unrestricted current ratio (times) 3.03
3.50
Operating performance ratio (%) (0.81)%
(5.41)%
Infrastructure renewals ratio (%) 78.19%
77.54%
Debt service cover ratio (times) 723.77
84.78
Rates and annual charges outstanding ratio (%) 6.20%
6.29%

Where can I view these documents

A copy of the Audited Financial Statements can be viewed at Council's Bankstown and Campsie Customer Service Centres, and all nine Library and Knowledge Centres, from 15 November 2022 to 22 November 2022.

Timeline

  • Timeline item 1 - complete

    Tuesday 15 November 2022 - Tuesday 22 November 2022 05:00PM

    Exhibition Period

    This consultation is open for contributions from Tuesday 15 November 2022 to Tuesday 22 November 2022 05:00PM. Once exhibition is closed, contributions will be reviewed and reported back to the project team.

  • Timeline item 2 - complete

    Report to Council - Ordinary Meeting 22 November 2022

    The draft Financial Statement with a summary of the community feedback received between 15 Nov. and 22 Nov. is considered by Council.

  • Timeline item 3 - active

    Tuesday 29 November 2022 05:00PM

    Closed

    Council will no longer be accepting feedback; community engagement summary finalised.

Who's listening

If you have questions or want to learn more about the statements, please email us or contact the Council officers listed below.

Email haveyoursay@cbcity.nsw.gov.au
In writing

By post to Chief Executive Officer, Canterbury-Bankstown Council, PO Box 8, Bankstown NSW 1885

Graham Humphrys

Graham Humphrys

Community Engagement Officer

City of Canterbury Bankstown

Phone: 02 9707 9602